In 2017, about 11 million Peruvians have a savings account, as indicated by the World Bank (WB) in the edition of Global Findex 2017, a document analyzed in the latest Asbanc Weekly, prepared by the Economic Research Department of the Association of Banks of Peru. This analysis also highlights that about 8.7 million Peruvians had the opportunity to make digital payments in 2017, among other details.
It should be noted that, according to the World Bank study, the recent progress in financial inclusion worldwide has been driven in large part by the growth of digital payments, by specific government policies, and thanks to a new generation of accessible financial services. through mobile phones and the internet.
In this scenario, 43% of Peruvian adults (over 15 years) have a savings account, which meant an advance of 14 points compared to the result of 2014 that reached 29%, and 22 points in relation to 20 % achieved in 2011. With this result, it is shown that the percentage of adults included financially doubled between 2011 and 2017.
However, despite the increased access to financial services, there are still some pending challenges. Thus, in Peru, 51% of men are already financially included and only 34% of women did the same. Another point to highlight is the situation between rich and poor, since, according to the study, 53% of Peruvians with higher incomes access accounts in financial institutions, while 26% of lower income do the same.
In order for more people to enter the financial system, companies should bet on electronic payrolls. Therefore, mobile phones and the Internet are key tools to promote this inclusion. It is at this juncture that alternatives like the one offered by BIM become important, since it represents an opportunity to reduce the use of cash and increase financial inclusion in our country.
The Economic Studies Area of ASBANC considers relevant the promotion of financial education so that the population acquires knowledge and skills when accessing and using financial services, and even more so if it is at an early age.